Rental buyers urged to consider investment prospects

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RENTAL BUYERS URGED TO CONSIDER INVESTMENT PROSPECTS

Wednesday, 02 Apr 2008

Investors in buy-to-let accommodation overseas have been advised to consider the state of the market in their chosen location.

Rental buyers urged to consider investment prospects

According to the Sun newspaper, property buyers should look at how much competition there is in a certain area.

This, it stated, could affect how much rental income they are likely to generate, which may be an issue if investors want this money to cover their costs.

However, the newspaper also recommended that people take into account how the market is likely to develop in the future.

For example, it said that if it is a growing tourist hotspot with a limited supply of rental accommodation, an investor's property is likely to be highly desirable.

By contrast, an area with a surplus of tourist lodgings is likely to experience less growth and generate smaller returns.

The advice comes shortly after investment buyers were encouraged by BuyAssociation to make sure they have an exit strategy if they wish to sell their property on at a profit.

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